A new analysis published by Apartment List reveals that, between 2007 and 2014, the… more

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During a similar span, from 2007 through 2014, the average costs of local homeownership (mortgage, maintenance, etc.) fell by 11.1 percent to $1,388, while the average renter costs increased 4.7 percent to $850.

The largest drop in local homeownership between 2007 and 2016 — 9.5 percentage points — was recorded among Asian-Americans, Apartment List reported.

According to Apartment List, the economic downturn had the greatest impact on homeownership among these three segments of the U.S. population: those in Sun Belt cities like Las Vegas, Phoenix, Orlando and Atlanta; young Americans aged 18-45; and Hispanics and African-Americans.